Indian Banks' Association (IBA), formed on (26 September 1946) as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in
Mumbai
Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...
. With an initial membership representing 22 banks in India in 1946, IBA currently represents 247 banking companies operating in India. IBA was formed for development, coordination and strengthening of
Indian banking
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. ...
, and assist the member banks in various ways including implementation of new systems and adoption of standards among the members.
Indian Banks' Association is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members.
On 20 November 2020,
Union Bank of India
Union Bank of India, commonly referred to as Union Bank or UBI, is an Indian public sector bank headquartered in Mumbai. It has 120+ million customers and a total business of US$106 billion. After the amalgamation with Corporation Bank and A ...
's MD & CEO
Rajkiran Rai was elected as the new Chairman of IBA. Mr.Dinesh Khara, Chairman of
State Bank of India, Mr.Madhav Nair, Country Head & CEO of
Mashreq Bank
Mashreqbank PSC (Arabic: ''Orient Bank'') is the oldest privately owned bank in the United Arab Emirates. It was founded as the Bank of Oman in 1967. Today Mashreq provides conventional and Islamic personal banking services including deposits, l ...
and Mr.S. S. Mallikarjuna Rao MD & CEO of
Punjab National Bank
Punjab National Bank (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network ...
were elected as Deputy Chairmen. Mr.Rakesh Sharma MD & CEO of
IDBI Bank
The IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a developmen ...
was elected as the Honorary Secretary for 2020-21. The Chief Executive of IBA is Mr.Sunil Mehta and Dy Chief Executive Mr.Gopal Bhagat.
Managing committee
The banks which are members of the managing committee of the IBA include:
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Citibank
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Indian Bank
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 39,734 employees, 5,721 branches with 5,428 ATMs and Cash deposit machines. Total business of the bank has ...
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Indian Overseas Bank
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It has about 3,214 domestic branches, about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin object ...
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Punjab National Bank
Punjab National Bank (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network ...
*
Union Bank of India
Union Bank of India, commonly referred to as Union Bank or UBI, is an Indian public sector bank headquartered in Mumbai. It has 120+ million customers and a total business of US$106 billion. After the amalgamation with Corporation Bank and A ...
*
Central Bank of India
Central Bank of India (CBI) is an Indian public sector bank based in Mumbai. Despite its name, it is not the central bank of India; The Indian central bank is the Reserve Bank of India.
History
The Central Bank of India was established on ...
*
State Bank of India
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Bank of Baroda
Bank of Baroda (BOB or BoB) is an Indian public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 132 million customers, a total business of US$218 billion, ...
*
Mashreq Bank
Mashreqbank PSC (Arabic: ''Orient Bank'') is the oldest privately owned bank in the United Arab Emirates. It was founded as the Bank of Oman in 1967. Today Mashreq provides conventional and Islamic personal banking services including deposits, l ...
*
Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...
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Standard Chartered Bank
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UCO Bank
UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, established in 1943 in Kolkata. During FY 2020–21, its total business was 3.24 lakh crore. Based on 2020 data, it is ranked 80 on the Fortune India 500 list. UCO B ...
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IDBI Bank
The IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a developmen ...
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Qatar National Bank
Qatar National Bank (QNB Group) ( ar, بنك قطر الوطني) is a Qatari multinational commercial bank headquartered in Doha, Qatar. It was founded in 1964 and currently has subsidiaries and associates in 31 countries spanning three contine ...
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JPMorgan Chase Bank
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Punjab & Sind Bank
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Bank of Maharashtra
Bank of Maharashtra is an Indian public sector bank headquartered in Pune. The bank had 29 million customers across the country with 2022 branches as of March 2022. It has the largest network of branches of any nationalised bank in the state ...
Private Sector Banks
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ICICI Bank
ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiari ...
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South Indian Bank
South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 933 branches, 4 service branches, 1 extension counters and 18 Regional Offices spread across India. The bank has al ...
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Karnataka Bank
Karnataka Bank Limited is an Indian private sector bank based in Mangalore. It is an 'A' Class Scheduled Commercial Bank with a network of 898 branches, 1 extension counter, 885 ATMs, 563 cash recyclers and 546 e-lobbies/mini e-lobbies across ...
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City Union Bank
City Union Bank Limited is an Indian private sector bank headquartered in Kumbakonam, Tamil Nadu. The bank was initially named Kumbakonam Bank Limited, and was incorporated on 31 October 1904. The bank preferred the role of a regional bank in ...
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Federal Bank
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi, Kerala. The bank has 1,336 branches spread across different states in India. It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and ...
Co-operative Sector Banks
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Saraswat Co-operative Bank Ltd Nagpur Nagarik Sahakari Bank Ltd. A. P. Mahesh Co-operative Urban Bank Ltd.
Payments Banks and Small Finance Banks
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Equitas Small Finance Bank
Equitas Small Finance Bank (erstwhile Equitas Microfinance Ltd) is a small finance bank founded in 2016 as a microfinance lender. The bank has its headquarters in Chennai, and is a subsidiary of holding company Equitas Holdings Ltd.
History
A ...
References
External links
Official site*https://www.business-standard.com/article/pti-stories/iba-elects-pnb-s-sunil-mehta-as-chairman-118083100771_1.html
*http://www.thehindu.com/business/Industry/sbi-five-associate-banks-bmb-merge-with-sbi/article17757316.ece
*https://www.thehindu.com/business/rajnish-kumar-is-new-iba-chairman/article29738120.ece
categories: Banking in India
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. ...
,
Consumer protection in India
A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. T ...
Trade associations based in India
Banking in India
Bankers associations
1946 establishments in India
{{India-econ-stub